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Bill > HB1068

IN HB1068

IN HB1068
Unlicensed real estate solicitors.

summary

Introduced
01/08/2024
In Committee
02/15/2024
Crossed Over
01/31/2024
Passed
02/21/2024
Dead
Signed/Enacted/Adopted
03/11/2024

Introduced Session

2024 Regular Session

Bill Summary

Unlicensed real estate solicitors. Defines an "unlicensed real estate solicitor". Requires an unlicensed real estate solicitor to include a specific disclosure on all solicitations promoting the unlicensed real estate solicitor's intent to purchase a residential, single-family home. Provides requirements for listing agreements and buyer agency agreements. Provides remedies to a homeowner that enters into an agreement with an unlicensed real estate solicitor. Provides that it is a deceptive act enforceable by the attorney general for an unlicensed real estate solicitor to solicit the sale or purchase of real estate without the required disclosure.

AI Summary

This bill defines an "unlicensed real estate solicitor" as a person without a valid real estate license, and requires them to include a specific disclosure on all solicitations promoting their intent to purchase a residential, single-family home. It provides requirements for listing agreements and buyer agency agreements, and gives homeowners the ability to nullify an agreement with an unlicensed real estate solicitor within two days if the required disclosure is not satisfied. The bill also makes it a deceptive act, enforceable by the attorney general, for an unlicensed real estate solicitor to solicit the sale or purchase of real estate without the required disclosure.

Committee Categories

Justice

Sponsors (10)

Last Action

Public Law 47 (on 03/11/2024)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Consumer Safety and Consumer Fraud
Community Development and Housing Issues
  • ‐ Housing and Real Estate Finance
(1 Companion Bills)

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bill summary

Document Type Source Location Created
State Bill Page https://iga.in.gov/legislative/2024/bills/house/1068/details 01/04/2024
Fiscal Note #1: Senate Enrolled https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.05.ENRS.FN001.pdf 02/23/2024
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/HB1068.05.ENRS.pdf 02/22/2024
Fiscal Note #3: Senate Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.04.COMS.FN003.pdf 02/20/2024
Fiscal Note #2: Senate Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.04.COMS.FN002.pdf 02/19/2024
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/HB1068.04.COMS.pdf 02/15/2024
Fiscal Note #1: Senate Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.04.COMS.FN001.pdf 02/15/2024
Senate Judiciary Amendment #5 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/committee-amendments/amendments/HB1068.03.ENGH.AMS05.pdf 02/15/2024
House Committee Report https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/committee-reports/HB1068.03.ENGH.CRS001.pdf 02/15/2024
Vote Sheet February 14, 2024 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/votesheets/HB1068.03.ENGH.00.pdf 02/15/2024
Fiscal Note #2: House Engrossed https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.03.ENGH.FN002.pdf 01/30/2024
Fiscal Note #1: House Engrossed https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.03.ENGH.FN001.pdf 01/29/2024
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/HB1068.03.ENGH.pdf 01/29/2024
House Amendment #1 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/amendments/HB1068.02.COMH.AMH001.pdf 01/29/2024
Fiscal Note #1: House Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.02.COMH.FN001.pdf 01/25/2024
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/HB1068.02.COMH.pdf 01/25/2024
House Judiciary Amendment #1 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/committee-amendments/amendments/HB1068.01.INTR.AMH01.pdf 01/25/2024
House Committee Report https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/committee-reports/HB1068.01.INTR.CRH001.pdf 01/25/2024
Vote Sheet January 24, 2024 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/votesheets/HB1068.01.INTR.01.pdf 01/25/2024
Fiscal Note #1: Introduced https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/fiscal-notes/HB1068.01.INTR.FN001.pdf 01/19/2024
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1068/HB1068.01.INTR.pdf 01/04/2024
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